session description

Validating vendor information and checking that they are not on any applicable sanction lists is a part of your vendor on-boarding process, but what about after the on-boarding process? Many vendors don’t inform you of their changes, so you need a plan. Get a 5-step process to keep your vendor data accurate and exclusion list status up to date in your vendor master file, even when your vendors don’t notify you of changes. Avoid compliance fines and bad vendor data by ensuring you are proactive by identifying changes to vendors in your vendor master file.  

Includes Processes For:

• The importance of ongoing vendor validation to avoid compliance fines and bad vendor data
• Common challenges with maintaining accurate vendor data and watchlist status
• How to setup a 5-step process to check vendor data accuracy and watchlist status
• Resources for vendor validations and watchlist status